CalPERS Starts Quarterly Private Equity Data Release Schedule

April 30, 2003 ( - The California Public Employees' Retirement System (CalPERS) on Wednesday put into practice a policy it adopted in March by publishing performance data for its private equity investments.

CalPERS said its approach “balances the need for transparency and protection of members’ pension benefits.”   The data released on the giant public pension system’s Web site includes internal rate of returns (IRR’s) for its funds and fund of funds, and amounts of cash invested and profits realized from that cash invested. The latest quarterly data and background is at .

The $133-billion fund decided in March (See  CalPERS OKs Private Equity Disclosures) that revealing the identities and performance of private companies which make up investments of each fund could be problematic. Consequently, under the new policy, that data will continue to be withheld publicly because its release could harm CalPERS’ ability to invest in the funds, CalPERS officials claim.